Interesting helium numbershttps://oilman.beehiiv.com/p/oilman-jim-s-letter-october-6-2024Nice summary, worth reading |
htTps://www.voxmarkets.co.uk/articles/predator-oil-gas-oak-securities-5be2c87/ |
The force is strong here.
148p optimistic?
Not on your nelly.
Still £42 and counting here.
Who are Oak Securities and Jerry Keen.
Now appearing at the foot of every Predator RNS.
What happened to Fox-Davies Capital and Jerry Keen?
They used to appear at the foot of every Predator RNS.
Much heralded, but they weren't as lavish with their valuations.
You get what you pay for, I suppose.
Be careful |
I suspect that ONHYM took a dim view of Lonny's posts on X. There is an awful lot riding on Guercif, so announcements will be strictly under the control of the State authorities, including Mohamed VI. |
This seems a rather optimistic note:
They have a price target of 148p?!?!?!?!
JakNife |
PG was always going to come up with something to distract us from the likelihood the gas simply does not flow for some reason.
If it even existed in the first place, you would have to consider that too.
Jimmy23 had some interesting technical theories as to why it might not flow on the LSE thread.
But I was expecting a new venture somewhere far away, say a remote prospect in Southern Patagonia.
However this Helium business is a stroke of genius, so weird that even Lonny could not stick it. |
He must have done something incredibly bad or have got such an incredibly attractive job offer, to give them up in such a hurried exit. |
How many did he have? 15mn? |
Good news EX Director Lonny B options cancelled. |
'Several advisers have requested to take shares for services to show their alignment with the Company's strategy regarding the near-term drilling of MOU-5'
they prob all asked, how near is 'near-term'? |
Markets is waiting on flow rates until then share price is going nowhere |
Yep. Unlike the snakeoil merchants that plague the majority of small/mid cap companies in the UK, PG consistently underplays his hand. And what a hand he's very skillfully built. |
Thanks EB. |
The helium estimate is based on finger up in the air. When Paul couldnt find any gas he comes up with something else to save his salary and his shares. |
Compare it to HE1's flagship Rukwa project.
"Rukwa hosts independently verified (SRK-2020) Best-Estimate Unrisked Prospective Recoverable Helium Resource (2U/P50) of 138Bcf, making this the largest known primary helium resource in the world"
Predator:
"Potential gross estimates of in-place He for the P50 upside case are 104.31 BCF based on a global averaged scenario of 1.298% He and 598.88 BCF for the P10 upside case based on a global averaged scenario of 4.066% He."
And, clearly, Predator has soooooooooo much more than just the helium. And yet, HE1's market cap is higher. Go figure. I suspect this disconnection in PRD's market cap / share price will not last too much longer. |
 prospective gas resources on 8 August 2024 and relates almost entirely to hydrocarbon gas carrier presence.
Issuance of shares to advisors
Several advisers have requested to take shares for services to show their alignment with the Company's strategy regarding the near-term drilling of MOU-5 and the assessment of the potential for helium in a large geological structure based on global settings for the presence of helium including, but not limited to, the supergiant Hassi R'Mel gas field in Algeria to the east of Guercif.
Accordingly the Company has issued 1,491,889 new ordinary shares ("Shares") at a price of 0.0925 pence per Share in lieu of adviser fees totalling £138,000.
Application is being made for the 1,491,889 Shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange which is expected to be on or around 3 October 2024. These shares rank pari passu with the existing ordinary shares of the Company.
Following the issue of the 1,491,889 Shares, the Company's issued ordinary share capital shall consist of 571,874,754 ordinary shares.
This figure of 571,874,754 represents the total voting rights in the Company and should be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance & Transparency Rules.
Paul Griffiths, Chief Executive Officer of Predator, commented:
"Given the potential size of the MOU-5 structure and its geological setting, this independent report on He potential enhances the case for the evaluation of potential helium presence in MOU-5. Although at an early stage of evaluation the opportunity to assess the ability to add value to an area development should not be missed.
The Company is delighted to have received an unsolicited proposal from advisers to take shares as a measure of the understanding and confidence that exists in the Company's near-term newsflow activity."
For further information visit www.predatoroilandgas.com |
https://x.com/KQuick20704342/status/1840635626909204646?t=9CFrNoXJF86bxAqTkpi0xA&s=19 |
See here https://x.com/__The_Cube__/status/1840637153262358800?t=F22hDQTAWQjYob8KJIIe8Q&s=19And credit to Keith, as always! |
Kq1, whilst the other BB is down, could you perhaps post your numbers on the He content of MOU-5 here? TIA. |
The force is strong here.
Helpfull does not post on LSE.
Helpfull has never had an account on LSE.
Imagine Helpfull's surprise on reading:
ParetoPrinciple
Posted in: PRD
Posts: 20
Price: 8.48
Strong Buy
RE: Gas density?26 Sep 2024 06:59
AV,
Helpfull left this board sometime ago with his tail between his legs and has had something of a chip on his shoulder ever since. You still didn’t answer my question about why you keep quoting him as if he is the Messiah or something?
Perhaps the poster "ParetoPrinciple" would like to explain his deceit before Helpfull decides to join LSE and confront him there.
Maybe just a little person trying to curry favour (again)?
Be careful. |
 25 Sep 2024 08:37
KeithOz
MOU-2.
Re-interpretation of the MOU-2 penetrated section confirmed that MOU-2 had in fact fully penetrated the intended primary objective but was not capable of being evaluated by wireline logs. MOU-2 recovered 3 gas samples from 3 separate sands between 525.5 and 674 metres measured depth with associated gas peaks. These sands are behind well casing and therefore were not evaluated by a wireline logging programme.
The MOU-3 well drilled later in 2023 encountered some shallow over-pressured gas in the equivalent MOU-2 section which could not be logged or tested after a risk evaluation as the casing design and cement integrity at the shallow level posed a risk of uncontrolled gas flow if the over-pressured section was perforated. This interval could be perforated and tested in MOU-2. MOU-2 was safely suspended for future well re-entry and testing of the shallow gas."
Additional wells.
"The Company is foreseeing the drilling of appraisal and or development wells in late 2024 and early 2025 to potentially, if successful, add incremental gas resources to support and extend the production profiles of a CNG project and, potentially, with the MOU-5 well drilled and tested, gas resources of a sufficient size to service the gas-to-power market in Morocco. The evaluation of the potential for helium presence will also be examined. Funding and timing of this discretionary drilling programme will be dictated by the opportunity for partial monetisation of gas assets in Guercif and or an equity placing and or production revenues generated by Cory Moruga."
----
the additional wells statement is 2/3s way down in interims: 'going concern' section and so easily overlooked. the way the above reads, suggests no further drilling required at mou2 |
Dr Boldy. Pieces falling nicely into place. There will still be some who are not able to see the bigger picture of course. That is a pity....for them. |
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